Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBrickability Group Regulatory News (BRCK)

Share Price Information for Brickability Group (BRCK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 65.50
Bid: 65.00
Ask: 66.00
Change: 0.00 (0.00%)
Spread: 1.00 (1.538%)
Open: 65.50
High: 65.50
Low: 65.50
Prev. Close: 65.50
BRCK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

12 May 2020 07:00

RNS Number : 5605M
Brickability Group PLC
12 May 2020
 

 

 

Brickability Group plc

("Brickability" or the "Group")

 

Trading Update

 

Brickability Group plc, the leading construction materials distributor, is pleased to announce a trading update for the year ended 31 March 2020.

 

In a year which saw significant political and economic uncertainty, the Group delivered a solid trading performance, and expects to deliver revenues for the period of approximately £188 million and adjusted EBITDA of £19.4 million1. Group revenues were driven by both organic and inorganic growth with the Group having completed four acquisitions in the first trading half and two more acquisitions in 2020.

 

As at 31 March 2020, the Group had a cash position of £27 million, with overall net cash of approximately £2 million.

 

 

Outlook

 

As announced on 1 May, the Group has continued its orderly and safe re-opening of its sites as the industry has seen additional house builders returning to work. Brickability management are further encouraged by the more recent government announcements that construction work can continue to return to work, if safe. The Group continues to monitor the situation and continues to flex costs in line with demand.

 

The Group fundamentally believes that the underlying demand for UK housing remains robust and that increasing housing supply in the UK remains a key objective for Government. The acquisition pipeline remains strong with the Group assessing a number of potential opportunities in line with the Group's stated strategy to provide geographic and product expansion whilst focusing on improving profitability.

 

It is still too early to predict with any certainty how quickly our markets will recover, and we therefore remain unable to provide market guidance at this time. However, we have a fundamentally robust business with traditionally strong cashflow and a strong balance sheet which gives the Board confidence in the Group's ability to prosper in the long term.

 

The Group will notify the date of its full year results for the twelve months ended 31 March 2020 in due course.

 

John Richards, Chairman, said:

 

"Brickability reached a major milestone last year with its successful IPO and I am pleased that, despite the wider economic and political challenges that have created uncertainty, we continue to deliver the strategy we set out when going public. It shows that in Brickability we have a strong business and it gives us confidence for the future. 

 

"I would further like to thank our colleagues who have worked incredibly hard throughout the year and have given their support to the business throughout the current public health crisis. They are very much the backbone of Brickability and are doing sterling work in returning the business to a resumption of operations."

 

The information contained within this announcement is deemed by the Group to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

 

 

1. Adjusted EBITDA is defined as earnings before interest, tax, depreciation, amortisation, exceptional and acquisition costs.

 

 

 

Enquiries:

 

Brickability Group PLC

John Richards, Chairman

Alan Simpson, Chief Executive Officer

 

Stuart Overend, Chief Financial Officer

 

c/o Montfort Communications

 

Cenkos Securities (Nomad and Broker)

Max Hartley / Max Gould (Corporate Finance)

0207 397 8900

Julian Morse (Sales)

 

Montfort Communications (Financial PR)

0203 770 7916

James Olley

Woolf Thomson Jones

 

 

 

About Brickability

 

Brickability is a leading construction materials distributor, serving customers across the UK for over 25 years through its mainstream and local networks. The Company supplies over 300m bricks annually and already has 25 sites and sales offices, employing approximately 225 people throughout the UK. Across its three divisions, the Group supplies bricks, roofing, heating, flooring, doors and windows to meet UK housebuilder demand.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTKKDBPCBKDFPD
Date   Source Headline
18th Mar 20247:00 amRNSChange of Adviser
12th Mar 20246:10 pmRNSAIM Rule 17 Disclosure
8th Mar 20247:00 amRNSHolding(s) in Company
6th Mar 202411:25 amRNSDirector/PDMR Shareholding
5th Mar 20243:21 pmRNSHolding(s) in Company
4th Mar 20244:32 pmRNSHolding(s) in Company
1st Mar 20248:27 amRNSTotal Voting Rights
28th Feb 20249:45 amRNSDirector/PDMR Shareholding
27th Feb 20247:00 amRNSTrading Update
26th Feb 20245:42 pmRNSDirector/PDMR Shareholding
20th Feb 20243:50 pmRNSHolding(s) in Company
8th Feb 20242:11 pmRNSHolding(s) in Company
1st Feb 20245:11 pmRNSBlock listing six monthly returns
1st Feb 20245:08 pmRNSTotal Voting Rights
1st Feb 20245:03 pmRNSDirector/PDMR Shareholding
30th Jan 20245:03 pmRNSDirector/PDMR Shareholding
29th Jan 20247:00 amRNSDirector/PDMR Shareholding
25th Jan 202410:12 amRNSGrant of Options
24th Jan 20245:35 pmRNSDirector/PDMR Shareholding
24th Jan 20243:39 pmRNSHolding(s) in Company
24th Jan 20243:36 pmRNSHolding(s) in Company
23rd Jan 202411:47 amRNSHolding(s) in Company
22nd Jan 20247:00 amRNSAcquisition of TSL Assets Limited
2nd Jan 20246:10 pmRNSTotal Voting Rights
28th Nov 20237:00 amRNSInterim results for six months ended 30 Sept 2023
22nd Nov 20237:00 amRNSInvestor Presentation via Investor Meet Company
22nd Nov 20237:00 amRNSVesting of LTIP Awards and PDMR Shareholding
21st Nov 20237:00 amRNSNotice of Interim Results and Analyst Presentation
17th Nov 20237:00 amRNSBlock Admission
23rd Oct 20232:13 pmRNSChange of Nominated Adviser and Broker
20th Oct 20239:25 amRNSHolding(s) in Company
11th Oct 20237:00 amRNSTrading Update & Acquisition
5th Sep 20238:30 amRNSAGM Statement
31st Aug 20235:19 pmRNSTotal Voting Rights
2nd Aug 20239:06 amRNSBlock listing Interim Review
25th Jul 202311:09 amRNS2023 Annual Report and Notice of AGM
21st Jul 20232:17 pmRNSHolding(s) in Company
17th Jul 20231:41 pmRNSInvestor Presentation via Investor Meet Company
17th Jul 20237:00 amRNSFinal results for the year ended 31 March 2023
10th Jul 20237:00 amRNSNotice of Results & Analyst Presentation
26th May 20237:00 amRNSChief Executive Officer Succession
26th Apr 20237:00 amRNSPre-Close Trading Update
14th Apr 20233:44 pmRNSHolding(s) in Company
4th Apr 20239:08 amRNSTotal Voting Rights
3rd Mar 20237:00 amRNSResignation of Independent Non-Executive Director
1st Mar 20231:47 pmRNSTotal Voting Rights
13th Feb 20237:00 amRNSTrading Statement
7th Feb 20237:00 amRNSTR-1: Standard form notification of major holdings
1st Feb 20234:36 pmRNSBLOCK LISTING SIX MONTHLY RETURN
1st Feb 20234:32 pmRNSTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.